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On the basis of the following data taken from the Adjusted Trial Balance columns of the work sheet for the year ended March 31 for

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On the basis of the following data taken from the Adjusted Trial Balance columns of the work sheet for the year ended March 31 for Banes Domino's Company, journalize the closing entries. Cash 30,000 Accounts Receivable 45,200 Supplies 5,000 Equipment 169,900 Accumulated Depreciation 32,000 Accounts Payable 12,500 71,600 Jack Banes, Capital Jack Banes, Drawing 47,000 Fees Earned 510,000 Salary Expense 244,500 Rent Expense 48,000 25,000 Depreciation Expense Supplies Expense 9,500 Miscellaneous Expense 2,000 626,100 626,100 If an amount box does not require an entry, leave it blank. Mar. 31 Mar. 31

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